# Market Sees Significant Increase in 24-Hour Open Interest
According to PA News, Crypto Quant analyst Dark fost has highlighted a recent surge in 24-hour open interest, marking the largest increase in recent times. Historically, rises driven by derivatives have often lacked sustainability. During the strong bull market phases of November and December 2024, open interest grew by 16% and 15%, respectively, supported by vigorous activity in the derivatives market alongside positive momentum in the spot market. However, the current price increase is only 4.2%, compared to past events that saw price rises of 10% and 7%. This discrepancy indicates that selling pressure remains strong in the market.$🙂↕️